WageSpeed needs microsoft Excel to work.
Not Suitable for contracted out schemes.
Scottish Tax rates not accounted for.
Wage Speed Feature List:
Easy to use
Available for up to 15 employees in the tax year
Calculates director’s National Insurance position on the cumulative basis
Gives a weekly/monthly summary of all employees pay, individual employees shown separately
Prepares payslips using A4 paper
Prepares monthly/quarterly summary of amounts to be paid over to the Inland Revenue for PAYE, National Insurance and Student Loan repayments
Facility to switch National Insurance bands A, B, C, J and under 16
Calculates Student Loan payments
Prepares summarised P.14s/P.60s for information to be put on Inland Revenue’s On-line filing software or Inland Revenue hard copy P.35/P.14/P.60s
Incorporates SSP, SMP, SPP and SAP recovery amounts
Column for accounting for deductions from PAYE, e.g. attachment of earnings before calculating net pay
Ideal for working out “what if” situations for employees
Uses initial coding and can take five changes of code in a year
Whole year wage/salary at a glance
Has a wage/salary summary sheet for the whole year showing for all employees: -
Gross wage and employer’s share of NIC
Net wages paid
Cumulative wage/salary and employee NIC position
Wages cost averaging per week
Total gross wage
Picture is illustration only.
© WageSpeed Ltd : Design -
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